Splitting a cell in half into series elements doubles the voltage and almost halves the current and thus Impedance at MPT is 4 x N splits yet power is constant in theory until the gaps and connections reduce the useable space of a cell for each split.
The optimum cell array of X series and Y parallel cells perhaps noted as xSyP will also affect the cell impedance Ra=Rc X/Y.
Since maximum power is always desired, the impedance and voltage must be matched. This requires choosing the array size to conveniently match up to popular battery charging systems.
Cell splitting to infinite would yield too many interconnections with very high impedance, But to determine the optimum where power conversion would be practical relies on knowing the cost of impedance and voltage on all the parts involved. On FETs, for example, the cost is inversely proportional to RdsOn but then has some voltage limit that is hard to exceed (? kV) so there is a cost penalty for insulation gaps between conductors. These may be one factor.
The result in large kW or MW PV panels the working voltage will rise above 500V. I do not know how they are defined, but the cost of total ownership will be the overall driver for these standards.
In small arrays, they MPT voltage at max power is usually around 82% of open-circuit voltage, and 70% for 10% Max solar input so the Voc cell array is chosen to match popular battery voltages and may be slightly higher the float voltage for simple chargers. But remember the cell is a solar controlled current source but has a source impedance = V/I at MPT Zmp=Vmp/Imp which is approximately near Zpv = Voc/Isc.